QCB governor meets Starwood Capital Group chairman
Governor of Qatar Central Bank and Chairman of Qatar Investment Authority HE Sheikh Bandar bin Mohammed bin Saoud Al Thani met Barry Sternlicht, Chairman and Chief Executive Officer of Starwood Capital Group, on the sidelines of the 2025 Milken Institute Global Conference, held in Los Angeles, USA, from May 4 to 7, 2025. They discussed the latest developments in global finance and investment.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Qatar Tribune
15 hours ago
- Qatar Tribune
QCB foreign reserves grow 3.6% in May
Qatar Central Bank (QCB) saw a 3.60 percent increase in its foreign currency reserves and liquidity, reaching QR258.135 billion in May 2025, up from QR249.165 billion in May 2024. According to figures released by QCB, its official reserves rose by QR8.706 billion, or 4.57 percent, year-on-year, reaching QR198.712 billion by the end of May 2025. (QNA) page 6
Qatar Tribune
17 hours ago
- Qatar Tribune
Qatar Central Bank's foreign exchange reserves rise by 3.60%
DOHA: Qatar Central Bank's (QCB) international reserves and foreign currency liquidity rose by 3.60 percent year-on-year in May, reaching R 258.135 billion, compared to QR249.165 billion in the same period last year. Figures released by the Qatar Central Bank showed that its official international reserves rose by 4.57 percent, or QR8.706 billion, to QR198.912 billion at the end of May, compared to the same period in 2024. Meanwhile, the central bank's holdings of foreign bonds and treasury bills declined by approximately QR6.044 billion, to QR132.904 billion in May, compared to the same month of the previous year. Official reserves consist of the following main components: foreign treasury bonds and bills, cash balances held in foreign banks, gold holdings, special drawing rights deposits, and Qatar's share in the International Monetary Fund. In addition to official reserves, other liquid assets (foreign currency deposits) form what is known as total international reserves. In the same context, data showed that gold stocks rose by approximately QR16.012 billion to QR44.339 billion by the end of May 2024, compared to QR28.327 billion in May 2024. Qatar's Special Drawing Rights (SDR) deposits at the International Monetary Fund (IMF) also increased by QR67 million at the end of May, compared to May 2024, reaching QR5.253 billion. Separately, balances held with foreign banks declined by approximately QR1.328 billion, reaching QR16.416 billion by the end of May, compared to the same month in 2024.
Qatar Tribune
4 days ago
- Qatar Tribune
Qatar Investment Authority, Msheireb Properties sign strategic partnership to advance sustainable urban development
DOHA: Qatar Investment Authority (QIA) and Msheireb Properties have signed a strategic partnership to accelerate the expansion of sustainable urban projects in the State of Qatar. Under the agreement, QIA will become a strategic shareholder in Msheireb Properties, joining Qatar Foundation for Education, Science and Community Development, which retains its majority stake of 51%. QIA has acquired a 49% stake in Msheireb Properties, underlining its confidence in the company's pioneering approach and integrated model for developing sustainable and human-centric smart cities. The partnership aims to fast-track innovative, human-centric real estate initiatives aligned with Qatar National Vision 2030 and the country's drive for economic diversification and environmental sustainability. It also aligns with QIA's mandate to support the development of a competitive Qatari economy and support the advancement of Qatar's Third National Development Strategy (NDS3). The collaboration opens new avenues for Msheireb Properties to expand its award-winning model, following the success of Msheireb Downtown Doha, the first fully redeveloped and sustainable city district in the world. The partnership reinforces Qatar's ambition to lead as a global hub for sustainable development, especially in light of international efforts to reduce emissions and achieve carbon neutrality. As cities worldwide race to reduce emissions, this Qatari-backed partnership signals a bold move to lead the booming smart cities sector, with sustainability at its core.
